The refusal of Liverpool's co-owner Tom Hicks to lower his asking price is a large obstacle to the sale of the club, according to a Barclays Capital insider.
The Daily Mirror interviewed the Barclays Capital insider, involved in selling the Anfield club. He revealed that Hicks is refusing to budge on his £800-million valuation of Liverpool, which is proving to be a significant stumbling block to attract potential buyers. It has already reportedly scared off two "perfect fit" offers, one from the Middle East and one from an American businessman.
The Daily Mirror quotes its inside source, saying, "We have found more than one really good fit investors, who have the wealth not to worry about a few hundred million quid.
"But they will not be held to ransom, because they know the asking price is unreasonable, and they simply don't want to be taken for a ride, no matter how rich they are."
Hicks' co-owner at Liverpool, George Gillett, is reportedly willing to lower the asking price, but Hicks is standing firm.
The Daily Mirror reports that the stalemate in the club's sale could even prompt the Royal Bank of Scotland to issue an ultimatum on the £237-million loan that it has extended for Hicks and Gillett. If there is no sign of a sale soon, RBS could demand the money or that Liverpool is sold within the coming months.